Canadian Natural Resources (CNQ) PT Raised to C$59.00 at Wells Fargo & Co

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target lifted by analysts at Wells Fargo & Co from C$52.00 to C$59.00 in a report released on Thursday. Wells Fargo & Co’s target price would indicate a potential upside of 27.40% from the company’s previous close.

A number of other analysts have also commented on CNQ. National Bank Financial boosted their price objective on Canadian Natural Resources from C$52.00 to C$64.00 and gave the stock an “outperform” rating in a report on Tuesday. Scotiabank boosted their price objective on Canadian Natural Resources from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. TD Securities boosted their price objective on Canadian Natural Resources from C$49.00 to C$51.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Raymond James Financial boosted their price objective on Canadian Natural Resources from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Finally, GMP Securities boosted their price objective on Canadian Natural Resources from C$52.00 to C$56.00 in a report on Friday, November 3rd. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$52.86.

Shares of Canadian Natural Resources (CNQ) opened at C$46.31 on Thursday. The company has a market capitalization of $56,410.00, a P/E ratio of 20.86 and a beta of 1.07. Canadian Natural Resources has a twelve month low of C$35.90 and a twelve month high of C$47.00.

In other Canadian Natural Resources news, insider Réal Michel Cusson bought 25,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were purchased at an average price of C$28.06 per share, for a total transaction of C$701,500.00. Also, Director Norman Murray Edwards sold 113,014 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of C$46.32, for a total value of C$5,234,808.48. In the last 90 days, insiders bought 50,000 shares of company stock worth $1,411,500 and sold 156,014 shares worth $7,136,088.

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About Canadian Natural Resources

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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